squirm wrote:however is it a good idea to have overdraft protection?
squirm wrote:Do you use a different password for different brokers if you have more than one?
squirm wrote:What about an online password system,
Rupert wrote:You might also consider using a different browser and a different email address for your sensitive accounts. Google's Chrome is probably the safest browser at the moment. Install it and use it only for accessing your financial accounts. Use another browser, such as Firefox, to do your general Internet surfing and on-line shopping. Also create a secret email account just for communications to/from your financial services providers. Don't give out that address to anyone else for any purpose.
You should un-link your checking and savings account in my opinion. If you're a Boglehead, I doubt you bounce a lot of checks. So why do you need that?
DaveS wrote: I have the passwords written down but they don't identify any site. You don't want a burglar to be able to steal your passwords.
BlueEars wrote:You will see conflicting advice on this, I fear. ...
BlueEars wrote:... My opinion, only deal with the minimum number of institutions you can get down to. ...
When my mother passed away, I found her accounts scattered. Even within her investment accounts I found itty-bitty holdings, like 3 shares of Liberty Media and 2 shares of Discovery Communications. It was maddening to try to make sense of all of it.Some people have multiple accounts (401k's, IRA's, checking, CD's, stocks, bonds, ....) partly because their employers (current and previous maybe) required them to funnel money somewhere. It gets even messier if a spouse has to have additional accounts at even more institutions. After retiring I consolidated where possible. It's particularly important for portfolio management -- at least the way I do things.
The Wizard wrote:The main problem with all these complex schemes is that once Alzheimer's kicks in, you'll never again be able to log into any of your accounts.
Periodic things already set up will continue, but that will be it.
Eventually, your survivors will get court orders forcing Vanguard to liberate your securely locked account, etc.
squirm wrote:What are some ways to prevent someone from getting into or stealing money from my bank and broker accounts?
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